Business: Manulife Financial Corp., Class A Preferred Shares, Series 1 Manulife Financial Corp. Non-cumulative Class A Shares, Series 1, liquidation preference $25 Canadian dollars per share, redeemable at the issuer's option on or after 06/19/2010 at $26 Canadian dollars per share plus declared and unpaid dividends, and with no stated maturity. <p> Non-cumulative distributions of 4.10% per annum ($1.025 Canadian dollars per annum or $0.25625 Canadian dollars per quarter) will be paid quarterly on 3/19, 6/19, 9/19 & 12/19 to holders of record on the record date fixed by the board, prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). The dividends are non-cumulative and if the board of directors does not declare a dividend or the company fails to pay a dividend declared by the board for any quarterly dividend period, the holder will not be entitled to receive any dividend for that quarterly period and the undeclared or unpaid dividend will not accumulate. The issuer may redeem the Series 3 Preferred Shares in whole or in part, after 03/19/2010 but prior to 03/19/2011 at $26.00 Canadian dollars per share, at $25.75 Canadian dollars per share prior to 03/19/2011, at $25.50 Canadian dollars per share prior to 03/19/2012, at $25.25 Canadian dollars per share prior to 03/19/2013 and at $25.00 Canadian dollars on or after 03/19/2014. <p> The Series 1 Preferred Shares will be convertible at the option of the holder after December 19, 2015. Subject to the rights of MFC, on the 19 th day of March, June, September and December in each year commencing on December 19, 2015 (see prospectus for more details) <p> In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, Senior to the Class B shares, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.